The launch partner and initiator of this first-of-its-kind study program is Germany’s FinTech Group AG, who will provide 50-percent scholarships for 20 outstanding students. In return, students will receive a traineeship with the FinTech Group where they can begin to gather practical industry experience.
“These IT-driven innovations are generating enormous potential. Here in Frankfurt, this is especially true for FinTechs,” explains Professor Dr. Udo Steffens, President of the Frankfurt School. “Now we have created the first degree program that prepares young people to take advantage of the opportunities offered by these products and services. The FinTech Group has proven itself to be a competent partner in the development of this program. This cooperation will absolutely be a benefit for our students.”
The new program was designed by FinTech Group CEO Frank Niehage. He explains, “In order to secure the future of digitalization in Germany’s financial sector, we will require committed and well educated employees, especially in Frankfurt. Only then can we take advantage of our growth and market opportunities. We are excited to have found such an excellent partner in the Frankfurt School, with whom we were able to efficiently and effectively implement the concept for the first ever FinTech degree program. Our broader shared goal is to offer students diverse career perspectives and to invite other companies to participate in this.”
In order to create additional motivation for the students, the FinTech Group plans to offer permanent positions to the top three students in each graduating class. The Frankfurt School introduced the new concentration at their biannual recruiting event, Bachelor Day, where the FinTech Group was also present with an information stand.
The bachelor’s program in business administration with a concentration in Digital Innovation and FinTech extends over seven semesters and will be offered in a three-day model. This means that students will attend lectures for three days of the week and have three days in which to gain work experience. The Frankfurt School hopes to be able to pair students with additional companies as interns, work students, or trainees.